#8 - DocuSign (NASDAQ:DOCU)
DocuSign (NASDAQ:DOCU) will stand to benefit as more companies confront a world where national and global business is done remotely. Although the company has been in business for many years, this period of social distancing is creating an opportunity. Like a lot of the companies in this presentation, DocuSign is now getting an opportunity to prove its value. And that is something the company believes will become apparent to users. Not only is the technology reliable, but in many cases, it can be installed remotely.
And the opportunity goes beyond just business to business. More and more realtors are using e-signatures with their clients. And with mortgage rates continuing to decline, the demand for homes should remain strong.
DocuSign came into the coronavirus crisis in a position of strength. The company posted a strong revenue increase of 39% for its 2020 fiscal year that ended on January 31, 2020. The company also posted positive forward guidance of a 31% revenue gain for fiscal 2021. In fact, DocuSign is on pace to log $1 billion in revenue, putting it in elite company among software-as-a-service (SaaS) companies.
About DocuSign
DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.
Read More - Current Price
- $78.37
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $63.40 (19.1% Downside)
The United States economy has proven to be not only one of the strongest in history, but also among the most adaptable. The coronavirus pandemic is putting that adaptability to the test. But as days turn into weeks, and as weeks may become a month or more of life being disrupted for many Americans, the country is starting to adapt.
But when consumers start to adapt, when things return to normal, they are never quite the same as before. Our society was already becoming more inwardly, and digitally focused prior to the outbreak of the coronavirus. You can expect that our society will become more of both. And while that presents some challenges for our nation’s psyche, the implications for businesses are becoming clear.
The businesses that thrive in a post-virus world will be the ones that can successfully navigate the changing tastes of American consumers. The challenge for investors is to identify these trends and invest in companies that are on the leading edge of these trends.
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